This page contains
aggregated information about each property, and is not intended
to serve as an appraisal. Projections for accumulated wealth,
cash flow and equity are based on predictive models used to
analyze big data on more than 110 million homes. Learn more
about INVESTimate

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This page contains
aggregated information about each property, and is not intended
to serve as an appraisal. Projections for accumulated wealth,
cash flow and equity are based on predictive models used to
analyze big data on more than 110 million homes. Learn more
about INVESTimate

215 W 13th Ave
Anchorage,
AK 99501

Neighborhood
Rating

Neighborhoods that
generally offer lower risk exposure, higher appreciation,
but with lower yields. These neighborhoods are usually
higher priced.

Neighborhoods that
offer moderate risk exposure, a balance of yield and
appreciation, and typically have mid-priced properties.

DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 87% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,609 per month.

MY RENT : $1,609MEDIAN RENT : $2,120

Rent

% Distribution

$500-699

0.0%

$700-899

0.0%

$900-999

0.0%

$1,000-1,499

13.1%

>=$1,500

86.9%

Household Rent Affordability

According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $1,609 would therefore be considered affordable for annual household incomes greater than $64,360 (12 months x 3.333 x $1,609).

Rent

% Affordability

Above $500

92.2%

Above $700

87.7%

Above $1,100

78.3%

Above $1,500

71.2%

Above $1,900

57.1%

HOUSEHOLD INCOME RANGE

Approximately 1,040 of households in this neighborhood have a total annual income of $64,360 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,609 per month.

MINIMUM INCOME RANGE : $64,360

Income

% Distribution

7.8%

$20K-$35K

8.0%

$35K-$60K

13.1%

$60K-$100K

28.5%

>=$100K

42.7%

COMMUTE TIME DISTRIBUTION

46% of the working population has a commute time of 15 to 44 minutes, 50% has a commute time of 14 minutes or less and 4% has a commute time of 45 minutes or longer.